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Summary
- Binance co-founder Changpeng Zhao warned against indiscriminate meme-coin investing based on his remarks.
- He said that jumping into meme coins created from his thoughtless tweets would almost certainly lead to losing money.
- He also explained that most of his tweets are merely somewhat childish, unfunny jokes not written with meme coins in mind.
Changpeng Zhao, co-founder of Binance, has issued a public warning against indiscriminate meme-coin investing based on his remarks.
On the 13th, Zhao wrote on X (formerly Twitter), "I’m not against meme coins, and I like memes themselves," but added, "If you jump into every meme coin created off one of my thoughtless tweets, you will almost certainly lose money."
He continued, "Most of the time I’m not thinking about memes—I just tweet somewhat childish, unfunny jokes that come to mind in the moment," explaining that he is "not writing with meme coins in mind."
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